TTM Technologies (NASDAQ:TTMI) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Several other research analysts have also recently commented on TTMI. Zacks Investment Research cut shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Needham & Company LLC upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Monday, August 7th. Stifel Nicolaus reiterated a “buy” rating and set a $17.50 price target on shares of TTM Technologies in a report on Thursday, September 28th. ValuEngine cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, J P Morgan Chase & Co set a $22.00 price target on shares of TTM Technologies and gave the stock a “buy” rating in a report on Wednesday, August 16th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. TTM Technologies presently has an average rating of “Buy” and an average price target of $20.50.

TTM Technologies (NASDAQ:TTMI) traded down $0.07 during midday trading on Tuesday, reaching $15.61. 747,741 shares of the company’s stock traded hands, compared to its average volume of 1,036,640. The company has a quick ratio of 1.21, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. TTM Technologies has a 12 month low of $12.76 and a 12 month high of $19.54. The firm has a market cap of $1,589.33, a PE ratio of 12.39 and a beta of 1.55.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The company had revenue of $666.81 million during the quarter, compared to analysts’ expectations of $651.67 million. During the same quarter in the previous year, the business posted $0.39 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. sell-side analysts predict that TTM Technologies will post 1.08 earnings per share for the current year.

In other news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $15.67, for a total transaction of $47,010.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 9,000 shares of company stock valued at $139,320 in the last 90 days. Insiders own 28.40% of the company’s stock.

Large investors have recently modified their holdings of the company. Riverhead Capital Management LLC lifted its position in shares of TTM Technologies by 71.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after buying an additional 2,860 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in shares of TTM Technologies during the 2nd quarter worth approximately $133,000. Simplex Trading LLC purchased a new stake in shares of TTM Technologies during the 3rd quarter worth approximately $120,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of TTM Technologies by 169.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock worth $124,000 after buying an additional 5,056 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in shares of TTM Technologies by 29.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after buying an additional 1,852 shares during the last quarter.

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About TTM Technologies

TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.

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